Analyst-Data Utilisation, Loss Funds (fixed-term 15 months)(
Job Number : 14001663D20190606)
DISCOVER your opportunity
Our Loss Funds Team in Poland is responsible for the end to end management of loss fund process, ensuring
the accuracy of Loss Fund movements, accuracy of Loss Fund balances in internal systems and working with Finance to ensure integrity of XL Catlin’s balance sheet.
As a member of our team, you will be required to use your knowledge and learning’s at work to set up, review the accuracy of Loss Fund top offs / cash calls and oversee loss funds and enabling underwriters, claims and other teams to use loss fund functionality Loss Fund recoveries.
What will your essential responsibilitiesinclude?
Coordinating Third Party Administrator and Coverholder loss fund on-boarding including on boarding to electronic payment processing platforms and training in processes and procedures.
Working with Claim Account Managers to set up loss funds in internal systems.
Reconciling loss funds to Third Party Administrator and Coverholder bank accounts / cashbooks as part of the Loss Fund Top Off process, highlighting irregularities to the Claim Account Managers or Governance teams as required.
Reconcile Lloyd’s Market loss funds and reconcile Loss Funds between Market and internal systems.
Reconciliation of non-Lloyd’s Market Loss Funds reconcile to internal ledgers.
Research and track clearance of the reconciling items from Finance’s General Ledger to claim system records and quarterly reconciliations.
Assisting in closing loss funds.
Chasing and tracking outstanding Loss Fund recovery.
Working closely with Claims Account Managers and payment teams to ensure loss funds are toped up in time and to the requirements of the Claims Account Managers.
Loss fund management information reporting to the Claims Account Managers and internal governance committees
SHARE your talent
We’re looking for someone who has these abilities andskills :
University degree (or at least Bachelor’sDegree)
Fluency in English (both spoken and written) isa must
Computer literate including Microsoft Outlook,Word, Excel, PowerPoint and other commonly usedsoftware
Knowledge of insurance market and basic accountingskills will be an asset
Strong clientservice and communication skills
Inquisitive mind and analytical thinkingskills
Solid organizational skills andexcellent attention todetail
Strong result-orientationand sense of urgency; communicative and open to newchallenges
AXA XL is an Equal Opportunity Employer.